The Gold Report

Foran Mining Corporation TICKER: FOM:TSX.V Foran Mining Corporation is a diversified exploration and development company with projects in central Canada's Flin Flon mining belt. The company's flagship McIlvenna Bay zinc-copper-gold-silver deposit is one of the largest undeveloped volcanogenic massive sulfide deposits in Canada. With an experienced management team and a solid shareholder base, Foran is focused on advancing McIlvenna Bay to production.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Stefan Ioannou, Haywood Securities (4/17/13) "Established infrastructure associated with the world-class Flin Flon mining district positions Foran Mining Corp.'s McIlvenna Bay for expedited development. . .approximately 32% of McIlvenna Bay's life-of-mine revenue is derived from zinc; this byproduct profile significantly enhances the project's intrinsic value given the scarcity of large advanced-stage zinc development projects in a market that is facing a medium-term supply shortfall. . .McIlvenna Bay is not subject to a preemptive back-in right by HudBay Minerals, giving the company's investors full exposure to successful project execution. . .corporate activity is a notable wild-card catalyst that could drive Foran's market valuation higher."

Matthew O'Keefe, Mackie Research Capital (4/9/13) "Foran Mining Corp. announced the results from a recently completed drill program at its Balsam property in east-central Saskatchewan. Highlights include: Discovery of a high-grade copper mineralization with 4.08% Cu, 0.43 g/t Au, and 27 g/t Ag over 3.66m in the Thunder Zone and 1.29% Cu, 0.28 g/t Au and 12.3 g/t Ag over 4.56m in the B2 zone. . .with an estimated cash balance of approximately $5M, the company is adequately funded to complete the planned 2013 exploration and development program."

Salma Tarikh, The Northern Miner (4/8/13) "Foran Mining Corp. has bulked up resources at the McIlvenna Bay zinc-copper-gold-silver volcanogenic massive sulphide deposit in east-central Saskatchewan, with increases of 15% and 18% in Indicated and Inferred tonnage. Indicated resources equal 13.9 Mmt grading 1.28% copper, 2.67% zinc, 0.49 gram gold and 17 grams silver per tonne, while Inferred resources stand at 11.3 Mmt of 1.32% copper, 2.97% zinc, 0.43 gram gold and 17 grams silver. . .the debt-free company exited 2012 with $8.7M in its treasury."

Salma Tarikh, The Northern Miner (4/8/13) "Foran Mining Corp. has bulked up resources at the McIlvenna Bay zinc-copper-gold-silver volcanogenic massive sulphide deposit in east central Saskatchewan, with increases of 15% and 18% in Indicated and Inferred tonnage. Indicated resources equal 13.9M grading 1.28% copper, 2.67% zinc, 0.49 g/t gold and 17 g/t silver while Inferred resources stand at 11.3 Mt 1.32% copper, 2.97% zinc, 0.43 g/t gold and 17 g/t silver."

Matthew O'Keefe, Mackie Research Capital (3/28/13) "Foran Mining Corp. announced an updated mineral resource estimate for its 100%-owned McIlvenna Bay project in eastern Saskatchewan. . .the overall resource has increased 15% in Indicated and 18% in Inferred. . .this is positive and should contribute to positive economics for the large resource. . .at 25.2 Mt, the new resource slightly beats our expectations. . .the company is advancing the large McIlvenna Bay polymetallic VMS deposit with a clear road map in an established mining district. We maintain our Speculative Buy recommendation."

Foran Mining Corporation Content

Corporate Presentation (5/1/13)

Fact Sheet (1/15/13)

• Click Here to Watch the Foran TV Corporate Presentation

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